Citigroup Rates TeraWulf (WULF) buy, $36 Price Target

Citigroup maintains its bullish stance on TeraWulf Inc. with a $36 price target, a 42.12% upside from the current price.

By EarningsIQ Research Desk · Published Jun 29, 2026, 11:01 AM EDT · Updated Jul 1, 2026, 10:01 AM EDT

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Citigroup rated TeraWulf Inc. ($WULF) "buy" with a $36 price target on June 29, 2026.

Since the rating, $WULF is down 13.2% after 1 week, down 41.0% after 1 month and down 54.3% to date (from the $25.58 close on Jun 29, 2026).

WULF TeraWulf Inc.

$11.68 -8.32% year to date

Daily close · Oct 16, 2026

Key Points

Citigroup reiterated its buy rating on TeraWulf Inc. (WULF) with a $36 price target on June 29, 2026.
Citigroup's $36 price target implies 42.12% upside from TeraWulf Inc.'s ($WULF) current $25.33 share price.
Shares of TeraWulf traded near $25.83 on Monday, with a market cap of approximately $12.8 billion.
Recent insider activity included purchases and sales by key executives, while analysts maintain a strong buy consensus.

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On June 29, 2026, Citigroup reiterated its buy rating on TeraWulf Inc. (NasdaqCM:WULF) with a price target of $36. Analyst Michael Rollins emphasized the firm's positive outlook on the company, maintaining a bullish stance.

Analyst rating track record

Citigroup vs. the S&P 500

YTD return -3.39% hypothetical

All-time return +30.84% S&P 500 +29.48%

vs. S&P 500 +1.36% ahead of the index

Hypothetical returns from Citigroup's disclosed trades, not real profit or advice. How we model this.

TeraWulf Inc. Stock Up 119.5%

Shares of NasdaqCM:WULF traded near $25.83 on Monday. TeraWulf Inc. has a market cap of approximately $12.8 billion and a forward P/E of 139.6, suggesting high growth expectations. The stock's beta is 4.256, indicating significant volatility. TeraWulf's 52-week range spans from $4.23 to $29.84, with moving averages of $23.96 over 50 days and $16.52 over 200 days. The company maintains a current ratio of 1.202 and a quick ratio of 1.105, reflecting its short-term liquidity.

12-month forecast

$WULF price target

TeraWulf Inc. daily closes and this analyst's $36 target. Not advice.

Recent Earnings

TeraWulf reported revenue of $168.06 million, with a slight decline of 1.1% in revenue growth. The company is not currently profitable, with an EPS of -2.51 and a return on equity of -22.16%. The net margin stands at zero, and the next earnings release is scheduled for August 6, 2026.

Insider Buying and Selling at TeraWulf Inc.

Recent insider transactions at TeraWulf Inc. included multiple trades by key executives. On June 24, 2026, Chief Accounting Officer William Joseph Tanimoto both bought and sold 10,000 shares. On June 23, 2026, insiders Catherine Motz and Amanda Fabiano each sold 56,023 shares, while Steven Pincus bought and sold 63,026 shares. These transactions were not conducted under any pre-planned trading programs.

Analysts Set New Price Targets

On June 29, 2026, Citigroup initiated its buy rating on TeraWulf Inc. with a price target of $36. Other analysts have also shown confidence in the stock. B of A Securities set a $34 target on June 15, while Bernstein offered a $46 target on June 4. The consensus among analysts is a strong buy, with an average price target of $36.34 across 16 opinions.

About TeraWulf Inc.

TeraWulf Inc., headquartered in Easton, Maryland, specializes in developing and operating digital infrastructure and bitcoin mining facilities. Founded in 2021, the company leverages clean and cost-effective energy solutions for high-performance computing workloads. Led by CEO Paul B. Prager, TeraWulf employs 141 people and operates within the financial services sector, specifically in capital markets.

Bottom Line

TeraWulf Inc. continues to attract attention from analysts and investors, with Citigroup maintaining a buy rating and a $36 price target. The company's focus on digital infrastructure and bitcoin mining positions it in a niche market with high growth potential. As always, remember that analyst ratings and 13F filings offer insights based on past data and may not reflect current conditions.